Within 18 months the global property market will be transformed. New post-Covid demands will rapidly emerge, while old certainties evaporate. Most of the changes will be existing trends that have been amplified and accelerated by this crisis, while a few will result from altered behaviour. These changes will have major implications for property markets, public finances, and the investment sector as well as housing.
he two biggest changes will be in the retail and commercial sectors, which are the most valued parts of the market as well as the main sources of commercial rates for local authorities. These have also been the staple of investment funds seeking high-return properties as part of their portfolios.
The online share of retail in Ireland increases at a rate of 8pc per annum. Over the past two years, this has already resulted in the loss of major high-street stores like Debenhams and Mothercare. Lockdown has significantly
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